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The documentary chronicles the GameStop short squeeze of 2021 which saw GameStop's stock rise over 2,500% amidst rampant volatility. This story is told mostly from the viewpoint of several value investors who participated in sharing their due diligence on social media, most notably Roaring Kitty's YouTube streams.
He struggles to provide for his family, and his brother Kevin constantly mocks his YouTube work as nerdy garbage. In July 2020, at the height of the COVID-19 pandemic, Keith notices that video game retailer GameStop's stock is falling. He sinks his life savings into buying stock in it, regularly live-streaming updates with his viewers.
“Dumb Money” whisks us back to a time in American history, the year 2020, when Keith Gill, a Reddit and YouTube demi-celebrity, cranked up the poor little GameStop stock to improbable heights.
Game Informer (GI) [a] was an American monthly video game magazine featuring articles, news, strategy, and reviews of video games and game consoles. It debuted in August 1991, when the video game retailer FuncoLand started publishing an in-house newsletter. [5] [6] It was acquired by the retailer GameStop, which bought FuncoLand in 2000. Due to ...
A GameStop store in 2014. GameStop, an American chain of brick-and-mortar video game stores, had struggled in the years leading up to the short squeeze due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person.
A GameStop store in a mall. In September 2019, Gill, under the username "u/DeepFuckingValue", posted on the subreddit r/wallstreetbets a screenshot of a trade consisting of a roughly $53,000 long position in GameStop; [8] Gill's Reddit posts and YouTube videos argued (through both fundamental and technical analysis) that the stock was undervalued. [3]
In the game, the player controls Merryn, a young girl who crafts a makeshift submarine to search for her father who went missing while fishing. The game was released in July 2016 on PlayStation 4, Windows, and Xbox One. The retail chain GameStop published the game, under the brand of GameTrust Games, the chain's first foray into such distribution.
GameSpot is an American video gaming website that provides news, reviews, previews, downloads, and other information on video games. The site was launched on May 1, 1996, created by Pete Deemer, Vince Broady, and Jon Epstein.